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2mil in EPF at 35
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diffyhelman2
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 Oct 12 2024, 02:24 PM
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QUOTE(p4n6 @ Oct 12 2024, 02:20 PM) Bonus is considered in annual compensation, can be averaged out as monthly wage for simple calculation… unless you are in company that pays 36 months bonus every year i think not likely for typical company, i know TSMC and Tencent did pay that high occasionally … but not a typical company in Malaysia. To add the 45k is for past 12 years not current only. Means from fresh grad onwards 45k per mth to accumulate. It looks like she also requested the company to deduct the maximum 25% in employee contribution instead of the standard 12%. |
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kembayang
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Oct 12 2024, 02:25 PM
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Ayam epf 60k only
Ayam sad
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buysellaccount
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Oct 12 2024, 02:25 PM
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Getting Started
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I got 3 feet and 2 heads in EPF. No open tered pun.
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p4n6
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Oct 12 2024, 02:27 PM
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QUOTE(diffyhelman2 @ Oct 12 2024, 02:24 PM) It looks like she also requested the company to deduct the maximum 25% in employee contribution instead of the standard 12%. Is that even allowed? Self contribution at RM60k and RM100k per annum started since few years back i think previously much lower This post has been edited by p4n6: Oct 12 2024, 02:31 PM |
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diffyhelman2
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Oct 12 2024, 02:29 PM
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QUOTE(p4n6 @ Oct 12 2024, 02:27 PM) According to the Reddit thread, yes. And this trick didn’t count into the self contribution limit. And you used five percent dividend which is low. Averaged over ten years the rate is closer to six percent. The last five years hit badly by Covid. This post has been edited by diffyhelman2: Oct 12 2024, 02:33 PM |
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Phoenix_KL
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Oct 12 2024, 02:31 PM
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Getting Started
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but how many children?
grab billionaire have 5
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SUSM4A1
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Oct 12 2024, 02:35 PM
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QUOTE(GagalLand @ Oct 12 2024, 02:05 PM) is rafizi la bodoh https://www.nst.com.my/news/nation/2022/11/...s-when-i-was-30topkek |
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SUStatabun
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Oct 12 2024, 02:36 PM
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Getting Started
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who is this she
i wanna know this she
is she single and ready to mingle?
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p4n6
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Oct 12 2024, 02:37 PM
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QUOTE(diffyhelman2 @ Oct 12 2024, 02:29 PM) According to the Reddit thread, yes. And this trick didn’t count into the self contribution limit. And you used five percent dividend which is low. Averaged over ten years the rate is closer to six percent. The last five years hit badly by Covid. Inspiring story regardless, hope will teach more people not to go simply withdraw… |
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zoozul
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Oct 12 2024, 02:40 PM
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Getting Started
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Semua cakap kosong. Yg paling kaya adalah... organisasi tersebut yg ketawa di belakang.
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MasBoleh!
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Oct 12 2024, 02:49 PM
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QUOTE(statikinetic @ Oct 12 2024, 01:03 PM) Yes. It's not about trust though, it's about understanding how the structure works. It's among the most stable of investment avenues. Those who knows, knows.  |
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silverhawk
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Oct 12 2024, 03:11 PM
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Eyes on Target
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QUOTE(diffyhelman2 @ Oct 12 2024, 02:24 PM) It looks like she also requested the company to deduct the maximum 25% in employee contribution instead of the standard 12%. In the thread, the one who said that is a different person if I recall. I'm somewhat skeptical that can reach 50k/month in the same company. Especially if in O&G, unless you got some tali to pull you up. |
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statikinetic
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Oct 12 2024, 03:17 PM
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QUOTE(MasBoleh! @ Oct 12 2024, 02:49 PM) Those who knows, knows. I attribute this EPF scare of it being an unsafe option to all the investment salesmen proposing their products as superior to meet their sales targets. Same salesmen who take 9 year loan to buy fancy car then struggle to pay. |
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andrewhtf
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Oct 12 2024, 03:20 PM
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Her annual self contribution alone is 10x my annual take home pay. So imagine her monthly salary, definitely more than /standard 20k.
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MGM
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Oct 12 2024, 03:25 PM
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QUOTE(p4n6 @ Oct 12 2024, 02:11 PM) Actually if work backwards, the amount is debatable… One need to contribute RM10k per mth in epf for 12 years at 5% dividend to hit RM2M. Company will pay 12%, self contribute 11%, so about RM5k per month self contribution. So her average per month salary is RM45k for period of 12 years. If she does not start with RM45k and follow normal incremental path of workers starting RM3k, so roughly her per mth earning RM160k now. So increment per annum is 43%. This is atypical company and also atypical job role, one company does not have alot of people earning this much even in O&G with 12 yrs experience. May be her monthly expenses is very minimal staying with parents. She can ask company to max her employee epf contribution like 80% instead of 11%. |
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Lembu Goreng
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Oct 12 2024, 03:25 PM
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Congrats to her
Cannot remember what I had at age 35, but age 30 my savings was zero
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diffyhelman2
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Oct 12 2024, 03:26 PM
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QUOTE(silverhawk @ Oct 12 2024, 03:11 PM) In the thread, the one who said that is a different person if I recall. I'm somewhat skeptical that can reach 50k/month in the same company. Especially if in O&G, unless you got some tali to pull you up. It’s also kinda implied when she said her bonus is 200-300k and her epf contribution from this gross is 100k. perhaps she is also in investment banking or private equity. Can partners in law firm here make this much? This post has been edited by diffyhelman2: Oct 12 2024, 03:26 PM |
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MGM
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Oct 12 2024, 03:27 PM
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QUOTE(diffyhelman2 @ Oct 12 2024, 02:24 PM) It looks like she also requested the company to deduct the maximum 25% in employee contribution instead of the standard 12%. Can be much higher than 25%, my sibling is doing 60%. |
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diffyhelman2
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Oct 12 2024, 03:28 PM
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QUOTE(MGM @ Oct 12 2024, 03:27 PM) Can be much higher than 25%, my sibling is doing 60%. Wow really? That’s a big big loophole. Why even bother have 100k self contribution cap if you allow such large employee deductions |
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mushigen
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Oct 12 2024, 03:33 PM
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No proof, I also can say co-own a house with Taylor Swift in DPC.
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